PowerShares DB Silver Fund (DBS) 11/12/09 PriceWatch Alert Support Down To $30.80
Posted: Thursday, November 12, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $31.38. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.10. DBS has been showing support around 30.80 and resistance in the 31.94 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (DBS AE) for a net debit in the $29.63 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 5.58% downside protection and a 4.62% assigned return rate for a 25.96% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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